thanks Rooks !
Yeah I'm on both sides of the balance sheet in my role. selling MBS & also lending people money into them. I did it at BT/ WBC private and also for the family office. I also worked for a private lender getting investors and selling the debt to developers etc. At the family office sometimes we do both for the same client. lend them a buck and then they invest a buck.
Debt is a wonderful thing if you use it well. But it can burn if you mess up and kill you if you don't resolve it.
I was also trained as an FP and decided against it well before the royal comish. I saw what was happening @ Westpac.
I would leave meetings with the FP after meeting with clients, and as soon as the clients were out of ear shot the FP would try to give me a high five bragging about how much money they "squeeze" out of the client. I didn't like it and became very mistrustful of them.
I suffered a bit with the fee for no services thing as well and sued them.
Now back to FMG. I wanted to invest during the 2017's into FMG in a big way. I saw the falling cost of production and organic demand and felt this would be a great company to invest into. The FP convinced my wife not to do it.
he said it was a waste of time and recommended the usual suspects which did ok. But not great.
anyway, we move on.
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thanks Rooks !Yeah I'm on both sides of the balance sheet...
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Last
$21.32 |
Change
0.110(0.52%) |
Mkt cap ! $65.64B |
Open | High | Low | Value | Volume |
$21.24 | $21.50 | $21.07 | $99.18M | 4.655M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 17454 | $21.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.35 | 336 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 17454 | 21.310 |
1 | 200 | 21.300 |
1 | 120 | 21.280 |
3 | 4400 | 21.270 |
2 | 14100 | 21.260 |
Price($) | Vol. | No. |
---|---|---|
21.350 | 336 | 1 |
21.380 | 1489 | 3 |
21.390 | 2200 | 1 |
21.400 | 450 | 1 |
21.410 | 375 | 1 |
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